| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $120M | $110M | -3.8% | 5.5% |
| Op. Income | $29M | $38M | $33M | -23.4% | -11.8% |
| Gross Margin | 84.3% | 86.1% | 86.4% | -1.8pp | -2.1pp |
| Net Margin | 24.8% | 24.8% | 16.1% | -0.0pp | 8.7pp |
| EPS (Diluted) | $0.65 | $0.68 | $0.40 | -4.4% | 62.5% |
| Free Cash Flow | $45M | $40M | $38M | 11.0% | 18.6% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $46M |
| SG&A Expenses | $47M |
| Other Expenses | $21M |
| Operating Expenses | $68M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $29M |
| Interest Income | $91M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $737.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $29M |
| EBITDA | $33M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $46M |
| SG&A Expenses | $47M |
| Other Expenses | $21M |
| Operating Expenses | $68M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $29M |
| Interest Income | $91M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $737.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $29M |
| EBITDA | $33M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $479.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$182M |
| Sales/Maturities of Investments | $175M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$73M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $998M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $79M |
| Goodwill | $275M |
| Intangible Assets | $16M |
| Long-Term Investments | $7.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $379M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $0 |
| Short-Term Debt | $872M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.4B |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $175M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $299M |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $497.0K |
| Additional Paid-In Capital | $575M |
| Retained Earnings | $621M |
| Treasury Stock | -$136M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $1.0B |
| Net Debt | $866M |
